Delay Announcement causes UbiStock Drop

Ubisoft (UBSFY) is beginning to see the repercussions of Watch Dogs and The Crew getting delayed as stocks dropped a rather large 19.24% towards the closing bell. 

Watch Dogs was originally set to release as a launch title for both next-gen systems but released a statement yesterday stating that the game would be delayed until Spring 2014. Though reasons have not been specified, the development team stated that they, "will not compromise on quality," and later adding, "we needed to take the extra time to polish and fine tune every detail so we can deliver a truly memorable and exceptional experience." What seems odd though is how much time they needed to "fine tune" a product set to be certified with the next week. Needing 6 or more months seems more like something was quite broken.

Ubisoft co-founder Yves Guillemot has since updated their financial target to reflect the delays showing an operating loss between  €(70) million and €(40) million, or between $94 million and $54 million in the US. Guillemot reminding shareholders that, "the additional time given to the development of our titles will allow them to fulfill their huge ambitions and thus offer players even more exceptional experiences." 

Shareholders didn't seem to care all that much.

We'll update this page as more information comes out about the financial situation of Ubisoft.